Robeco Institutional Asset Management B.V. Has $20 Million Holdings in Wells Fargo & Company (WFC)
Robeco Institutional Asset Management B.V. raised its holdings in Wells Fargo & Company (NYSE:WFC) by 0.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 360,957 shares of the financial services provider’s stock after buying an additional 1,815 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Wells Fargo & were worth $20,000,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in WFC. Brick & Kyle Associates boosted its stake in shares of Wells Fargo & by 9.5% in the 1st quarter. Brick & Kyle Associates now owns 1,859 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 162 shares in the last quarter. Stelac Advisory Services LLC acquired a new stake in shares of Wells Fargo & in the 2nd quarter valued at $104,000. Delphi Private Advisors LLC boosted its stake in shares of Wells Fargo & by 262.8% in the 2nd quarter. Delphi Private Advisors LLC now owns 2,017 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 1,461 shares in the last quarter. Clear Investment Research LLC acquired a new stake in shares of Wells Fargo & in the 2nd quarter valued at $121,000. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in shares of Wells Fargo & in the 1st quarter valued at $124,000. 75.86% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Wells Fargo & Company (NYSE:WFC) opened at $54.60 on Friday. Wells Fargo & Company has a 52 week low of $49.27 and a 52 week high of $59.99. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.89 and a current ratio of 0.91. The stock has a market capitalization of $269,060.00, a P/E ratio of 13.05, a P/E/G ratio of 1.30 and a beta of 0.97.
Wells Fargo & (NYSE:WFC) last posted its earnings results on Friday, October 13th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.20). Wells Fargo & had a return on equity of 12.59% and a net margin of 22.00%. The business had revenue of $21.93 billion for the quarter, compared to the consensus estimate of $22.30 billion. During the same period in the previous year, the company posted $1.03 earnings per share. Wells Fargo &’s revenue for the quarter was down 1.8% compared to the same quarter last year. analysts anticipate that Wells Fargo & Company will post 3.97 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 3rd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, November 2nd. This represents a $1.56 dividend on an annualized basis and a yield of 2.86%. Wells Fargo &’s payout ratio is 40.31%.
Several equities research analysts have recently commented on the stock. Vetr upgraded shares of Wells Fargo & from a “sell” rating to a “strong-buy” rating in a research note on Monday, November 6th. Zacks Investment Research upgraded shares of Wells Fargo & from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. Goldman Sachs Group, Inc. (The) restated a “buy” rating on shares of Wells Fargo & in a research note on Wednesday, October 11th. Robert W. Baird restated a “buy” rating and issued a $58.00 target price on shares of Wells Fargo & in a research note on Friday, October 6th. Finally, Citigroup Inc. restated a “buy” rating and issued a $65.00 target price (up previously from $60.00) on shares of Wells Fargo & in a research note on Monday, October 9th. Six investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $57.20.
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About Wells Fargo &
Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial.
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